The government canceled her student loans due to a scam — but $72,000 is still on her credit report
Why now
Thesis: Credit-report accuracy risk weighs on consumer credit access
Catalyst to watch: Lawsuit outcome or bureau policy change
Main risk: Borrowers face lasting credit damage meanwhile
Why it matters
Erroneous credit reporting of canceled debt can suppress borrowers' credit scores, curbing their access to consumer credit.
Details
The government continues to report to credit bureaus $4.6 billion in student debt owed by some 300,000 borrowers that should have been canceled, a lawsuit claims.
Related assets & topics
CreditConsumerSources
- marketwatch · 2026-09-24 19:19 UTC